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Vornado(VNO) - 2024 Q3 - Earnings Call Transcript
2024-11-05 21:10
Vornado Realty Trust (NYSE:VNO) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Steven Borenstein - Senior Vice President and Corporate Counsel Steven Roth - Chairman and CEO Michael Franco - President and CFO Glen Weiss - Executive Vice President, Office Leasing and Co-Head, Real Estate Tom Sanelli - Executive Vice President, Finance and CAO Conference Call Participants John Kim - BMO Capital Markets Steve Sakwa - Evercore ISI Floris van Dijkum - Compass Point Dylan Burzi ...
Vornado's Q3 FFO & Revenues Beat Estimates, Same-Store NOI Declines
ZACKS· 2024-11-05 17:21
Vornado Realty Trust’s (VNO) third-quarter 2024 funds from operations (FFO) plus assumed conversions, on an adjusted basis, were 52 cents per share, which beat the Zacks Consensus Estimate of 51 cents. However, the figure declined 21.2% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The results displayed better-than-anticipated top-line growth. Vornado witnessed decent leasing activity during the quarter. However, total same-store net operating income (NOI) declined ...
Compared to Estimates, Vornado (VNO) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-11-05 01:31
Vornado (VNO) reported $443.26 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 1.7%. EPS of $0.52 for the same period compares to $0.28 a year ago.The reported revenue represents a surprise of +0.58% over the Zacks Consensus Estimate of $440.72 million. With the consensus EPS estimate being $0.51, the EPS surprise was +1.96%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...
Vornado (VNO) Surpasses Q3 FFO and Revenue Estimates
ZACKS· 2024-11-04 23:36
Vornado (VNO) came out with quarterly funds from operations (FFO) of $0.52 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to FFO of $0.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 1.96%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.55 per share when it actually produced FFO of $0.57, delivering a surprise of 3.64%.Over the last four quarters, the ...
Vornado(VNO) - 2024 Q3 - Quarterly Results
2024-11-04 21:38
an and and on the rest REALTY TRUST SUPPLEMENTAL OPERATING AND FINANCIAL DATA For the Quarter Ended September 30, 2024 | --- | --- | |------------------------------------------------------------------------|-------------| | INDEX | Page | | | | | FINANCIAL INFORMATION | | | Financial Highlights | 5 | | | | | | | | | | | | | | | | | LEASING ACTIVITY AND LEASE EXPIRATIONS | | | Leasing Activity | 17 - 18 | | | | | | | | | | | | | | | | | DEBT AND CAPITALIZATION | | | | | | Capital Structure | 26 | | | | | | | ...
Vornado Announces Third Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-11-04 21:22
NEW YORK, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today: Quarter Ended September 30, 2024 Financial Results NET LOSS attributable to common shareholders for the quarter ended September 30, 2024 was $19,154,000, or $0.10 per diluted share, compared to net income attributable to common shareholders of $52,846,000, or $0.28 per diluted share, for the prior year's quarter. FUNDS FROM OPERATIONS ("FFO") attributable to common shareholders plus assumed conversions (non-GAAP) fo ...
Vornado(VNO) - 2024 Q3 - Quarterly Report
2024-11-04 21:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from: to 001-11954(Vornado Realty Trust) 001-34482(Vornado Realty L.P.) Commission File Number: Commission File Number: Vornado Realty Trust Vornado Realty L. ...
Gear Up for Vornado (VNO) Q3 Earnings: Wall Street Estimates for Key Metrics
ZACKS· 2024-10-31 14:20
Analysts on Wall Street project that Vornado (VNO) will announce quarterly earnings of $0.51 per share in its forthcoming report, representing a decline of 22.7% year over year. Revenues are projected to reach $440.72 million, declining 2.3% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ah ...
Vornado Announces Third Quarter Earnings Release Date and Conference Call Information
GlobeNewswire News Room· 2024-10-22 17:24
NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it will file its quarterly report on Form 10-Q for the quarter ended September 30, 2024 with the U.S. Securities and Exchange Commission and issue its third quarter earnings release on Monday, November 4, 2024, after the New York Stock Exchange has closed. The Company will host a quarterly earnings conference call and an audio webcast on Tuesday, November 5, 2024 at 10:00 a.m. Eastern Time (ET). The conference c ...
Vornado Rises 57.6% in Three Months: Will the Trend Last?
ZACKS· 2024-09-25 17:21
Shares of Vornado Realty Trust (VNO) have gained 57.6% in the past three months, outperforming its industry's growth of 20.8%. The company owns a concentration of high-quality office properties strategically located in markets of New York, Chicago and San Francisco. It is poised to benefit from tenants' healthy demand for premier office spaces with class-apart amenities. A healthy balance sheet position supports its growth endeavors. Last week, VNO, with Medline, announced an agreement to increase Medline's ...